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Tower Semiconductor

20 stories about Tower Semiconductor
מטה טאואר סמיקונדקטור במגדל העמק

Tower shutting down one Israeli chip factory, pegs hopes on Indian market

15.02.24|Sophie Shulman
CEO Russell Ellwanger said all of the employees from Fab 1 in Migdal Ha’Emek will receive offers to either work in Fab 2 or one of the factories abroad. "There's no point in keeping a factory alive if it's operating at a loss," said Ellwanger. "I've never been more bullish on Tower's future"
מפעל טאואר סמיקונדקטור מגדל העמק

Tower’s Q4 revenue falls as auto chips supply glut adds uncertainty

14.02.24|Reuters and CTech
The Israeli chipmaker said it plans to phase out certain lower margin products without providing further details
מפעל טאואר שבבים מגדל העמק אינטל

Chipmaker Tower hoping to set up $8 billion plant in India

11.02.24|CTech and Reuters
Tower, seeking government incentives for its plan, is looking to manufacture 65 nanometre and 40 nanometre chips in India, according to the Indian Express
מטה טאואר סמיקונדקטור במגדל העמק

Tower extremely optimistic regarding chip business, but needs to back up words with results

21.12.23|Uri Tal-Tenne
In a presentation published with the third quarter reports, Tower revealed a long-term model of sales and profitability potential in which the company's revenues will jump to $2.66 billion, an increase of 87% compared to this year's expected revenues, and the operating profit will jump by 166% to $560 million
מימין: מנכ"ל אינטל פט גלסינגר ומנכ"ל טאואר ראסל אלוואנגר

Tower and Intel sign $300 million foundry deal three weeks after cancellation of $5.4 billion merger

05.09.23|Reuters and CTech
The Israeli chipmaker will acquire and own equipment and other fixed assets to be installed at Intel’s New Mexico factory after receiving $375 million in compensation following the cancellation of the acquisition
מפעל טאואר שבבים מגדל העמק אינטל

Tower Semiconductor: Shifting from Intel to India?

21.08.23|Sophie Shulman
With Intel deal off, Tower Semiconductor could find new ground in India's thriving chip market
מימין מנכ"ל אינטל העולמית פט גלסינגר ומנכ"ל טאואר ראסל אלוונגר

Tower Semiconductor caught in tug-of-war between U.S. and China over chip supremacy

16.08.23|Omer Kabir
Intel’s $5.4 billion acquisition of the Israeli company faltered as geopolitical tensions reshape the chip landscape
אינטל טאוור

Intel abandoning $5.4 billion acquisition of Tower Semiconductor

16.08.23|Reuters and CTech
Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition of the Israeli company on time as required under the contract. Tower to receive $353 million break-up fee
מימין מנכ"ל אינטל פט גלסינגר ומייסד מובילאיי אמנון שעשוע

Intel is in trouble, but the path to recovery goes through Israel

31.07.22|Sophie Shulman
For the first time in 30 years, Intel turned a loss. A combination of a cut in the investment budget with the adoption of the microchip law in the US, puts Israel at a disadvantage. But the company's recovery from the crisis may go through the application of smart capital, which characterizes its investments here
מגזין עצמאות 4.5.22 ראסל אלוואנגר מנכ"ל טאואר סמיקונדוקטור

Principles towards success

05.05.22|Russell Ellwanger
"John F. Kennedy stated: “I am an idealist without illusions." Such is the Tower DNA. If one relentlessly pursues high ideals, treats friendships as the treasure most dear with the understanding that friendship and loyalty are synonymous, such a person has a deep fountain of power," writes Russell Ellwanger, CEO of Tower Semiconductor
פט גלסינגר מנכ"ל אינטל העולמית

Intel Inside: CEO shares his plans to restoring the chip giant’s supremacy

01.03.22|Sophie Shulman
A year after taking over the helm, Intel CEO Pat Gelsinger sees Israel as a key piece of the puzzle
משרדי אינטל מפעל טאואר חדש

After decades of uncertainty, Tower is reaping the benefits of the chaos in the chip market

15.02.22|Sophie Shulman
The Israeli chip company is being sold to Intel for $5.4 billion; The deal comes after years of uncertainty over Tower's viability, but today the company is able to meet Intel's need to split its production capabilities and reduce activity in the East
מנכ"ל טאואר ראסל אלוונגר

Intel acquiring Israel's Tower Semiconductor for $5.4 billion

15.02.22|Reuters and CTech
Tower specializes in analog chips used in the automotive, mobile, medical and aerospace industries. It had a market capitalization of $3.6 billion as of Monday's close
מפעל טאואר סמי קונדוקטר ב מגדל העמק

Tower announces 'all systems go' following a disruptive ransom cyberattack

10.09.20|Meir Orbach
Due to the manufacturing disruption, the company expects some level of impact on its third-quarter results
מפעל טאואר סמי קונדוקטר ב מגדל העמק

RYUK virus running riot as it strikes down another victim in Tower

08.09.20|Meir Orbach
It is believed that Tower wasn't the only Israeli company that came under attack by the virus over the past weekend
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Tower to pay hundreds of thousands of dollars to hackers who paralyzed its manufacturing

07.09.20|Meir Orbach
The Israeli semiconductor company’s insurance firm will cover the costs for the ransomware attack
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Tower proves there is no shame in being the victim of a cyberattack

06.09.20|Meir Orbach
The companies that should really be ashamed are the ones that think that they can hide the breach, not understanding that it will be revealed in retrospect or while it's ongoing
מנכ"ל טאואר ראסל אלוונגר

Israeli chipmaker Tower confirms cyberattack forced it to shut down systems

06.09.20|Meir Orbach
Tower notified the relevant authorities, including law enforcement, of the incident and reported it to the Tel Aviv Stock Exchange on Sunday, but didn't say whether it was the victim of a ransomware attack
נאסדק

Tower Semiconductor Announces Medical Chip Development With Chinese Biotech Company Axbio

06.03.19|Hezi Sternlicht
Tower stated the device, which is intended for blood test analyses, is planned to go into production in mid-2019
מנכ"ל טאואר ראסל אלוונגר

Earnings Report Boosts Tower Semiconductor on Nasdaq Despite Cut to Profits

20.02.19|Hezi Sternlicht
Tower lost around 50% of its stock valuation over the past 12 months
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